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Personal Protective Equipment (PPE) Market to Grow at 7.4% CAGR; Increasing Demand for Industrial Safety Gloves to Aid Market Growth

June 30, 2020 | Chemicals & Materials

The global personal protective equipment (PPE) market size is expected to reach USD 92.86 billion by 2027, owing to high demand for PPE in chemical manufacturing. This information is shared by Fortune Business Insights™ in its recent report, titled “Personal Protective Equipment (PPE) Market Size, Share & Industry Analysis, By Product (Head Protection, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Fall Protection Protective Footwear, Hand Protection, and Others), By Application (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceutical, Transportation, and Others) and Regional Forecast, 2020-2027”. According to the report, the market value was at USD 52.43 billion in 2019 and is expected to register a CAGR of 7.4% from 2020 to 2027.


US Dept. of Defense Awards 3M Production Contract for N95 Respirators


In May 2020, the American PPE leader, 3M, was awarded two contracts by the US Department of Defense to boost production of N95 respirators in the country to counter the COVID-19 pandemic. The contracts will permit 3M to produce 39 million respirators per month, since they have been awarded under the Defense Production Act. 3M has been ramping up its production of the N95 respirators since January, when the outbreak began, having already invested around USD 80 million in its plants and equipment. The steady increase in production of respirators by 3M is based on the WHO’s insistence on constant wearing of masks by people when they are outdoors, thus minimizing the risk of spreading the virus.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/personal-protective-equipment-ppe-market-102015


Worries Over Sustainable Disposal of PPE May Stall Market Growth


Personal protective equipment such as masks, gowns, and eye gear are mainly made of plastic and polymers, which are notoriously difficult to discard in an environment-friendly manner. As the COVID-19 pandemic rages across the globe, people have been strongly advised to wear masks in social settings. As a result, the demand and usage of face masks, gloves, and other PPE is skyrocketing, which is posing a major threat to the environment. For example, researchers at the Louisiana State University found that PPE litter had increased rapidly in Baton Rouge since the outbreak of the coronavirus pandemic. The New Zealand-based Sustainability Trust has also observed that unnecessary use of PPE is creating large amounts of waste, which is going into landfills. Since plastic is non-biodegradable, land pollution is growing as a consequence, which may stifle the personal protective equipment market growth.


Key Players to Focus on Building Competitive Product Portfolios


Analysis of the PPE market shows that the structure of this market is highly fragmented, characterized by the presence of a few strong players that are operating globally and a relatively larger number of regional and local companies. Most of the big players are acquiring or collaborating with other players to gain a more competitive position in the market, while the smaller players and new entrants are mainly focused on innovation.


Industry Development:



  • March 2020: Australia-based Ansell Limited and the US-based company, Modjoul, are combining forces to engineer next-gen safety management in the form of smart PPE powered by data analytics and embedded sensors. The collaboration is meant to address the common workplace injuries, especially the increasing incidence of hand and wrist muscular skeletal diseases (MSDs).


List of Players Covered in this Market Report:



  • Bullard

  • Lakeland Inc.

  • Supermax Corporation Berhad

  • Acme Safetywears Limited

  • TEIJIN LIMITED

  • Radians, Inc.

  • Udyogi Plastics Pvt. Ltd

  • Uvex Group

  • DuPont

  • Alpha ProTech

  • 3M

  • KARA

  • W. L. Gore & Associates, Inc.

  • MCR Safety

  • Towa Corporation

  • TenCate Fabrics

  • Rock Fall (UK) Ltd

  • Gateway Safety, Inc.

  • Blue Eagle

  • Mallcom (India) Limited

  • COFRA S.r.l.

  • Avon Protection

  • Ansell Ltd.

  • Honeywell International, Inc.


Further Report Findings:



  • The construction segment, which held a share of 24.6% in 2019, is expected to lead the personal protective equipment market share in the coming years, since majority of workplace accidents take place at construction sites.

  • In North America, the market will be mainly driven by the rising demand for PPE in healthcare facilities. The region’s market size stood at USD 19.2 billion in 2019.

  • In Asia Pacific, increasing government investments in smart and energy-efficient buildings is expected to create lucrative opportunities in the market.  


Table of Segmentation:










































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Product




  • Head Protection


    • Safety Helmets & Hard Hats

    • Bump Caps


  • Eye & Face Protection


    • Safety Spectacles

    • Safety Goggles

    • Welding Shields

    • Face Shields

    • Head Gear


  • Hearing Protection


    • Cap Mounted Earmuffs

    • Ear Plugs

    • Hearing Bands


  • Protective Clothing


    • Flame Retardant Apparel

    • Chemical Defending Garment

    • High Visibility Clothing

    • Others


  • Respiratory Protection


    • SCBA- Fire Service

    • SCBA- Industrial

    • APR - Disposable

    • Emergency Escape Devices


  • Fall Protection


    • Soft Goods

    • Hard Goods

    • Full Body Harness

    • Rescue Kits

    • Body Belts


  • Protective Footwear

  • Hand Protection

  • Others



By Application




  • Construction

  • Manufacturing

  • Oil & Gas

  • Chemical

  • Food

  • Pharmaceutical

  • Transportation

  • Others



By Region




  • North America (U.S. and Canada)

  • Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Thailand, Australia, and Rest of Asia-Pacific)

  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)

  • The Middle East & Africa (South Africa, UAE, Saudi Arabia, and Rest of the Middle East & Africa)


Personal Protective Equipment (PPE) Market
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  • 2019
  • 2016-2018
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